Define Supply And Difference Between Supply And Stock
Define supply and difference b/w supply and stock
Wednesday, December 4, 2019
Q define a term supply and difference b/w supply and stock?
Supply :
In common life we take supply and stock in same meaning but in economics supply is quiet difference from stock.
“Supply means quantity of goods or services, which is present in the market for sell during certain period of time at a specific level of price”.
For example: 1000 kg mangoes represent in the market but suppliers offered only 300 kg mangoes for sell at a particular price for Rs.10/- during the certain period of time. So the quantity of 700 kg is stock. While the quantity of 300kg, which was offered for sell is supply.
Difference b/w supply and stock:
Stock means of whole quantity of goods or services present in the market in which some part is offered to sell supply and some part stored, while supply means quantity of goods or services present in the market for sell some part stored is called stock and some part is offered.
Supply :
In common life we take supply and stock in same meaning but in economics supply is quiet difference from stock.
“Supply means quantity of goods or services, which is present in the market for sell during certain period of time at a specific level of price”.
For example: 1000 kg mangoes represent in the market but suppliers offered only 300 kg mangoes for sell at a particular price for Rs.10/- during the certain period of time. So the quantity of 700 kg is stock. While the quantity of 300kg, which was offered for sell is supply.
related topics
Income Elasticity Of Demand
Stock means of whole quantity of goods or services present in the market in which some part is offered to sell supply and some part stored, while supply means quantity of goods or services present in the market for sell some part stored is called stock and some part is offered.
